Ripple To Buy Stablecoin Payments Firm Rail For $200M To Boost RLUSD

Ripple To Buy Stablecoin Payments Firm Rail For $200M To Boost RLUSD

Ripple is buying Rail, a stablecoin payments platform, for $200 million. The Rail acquisition is a way for Ripple to delve deeper into the fast-growing stablecoin ecosystem after launching its RLUSD stablecoin.

RLUSD has a market cap of over $600 million, placing it in the top largest stablecoins, according to data tracked by CoinMarketCap.

Rail’s capabilities include virtual accounts and automated back-office systems, enabling customers to transact in digital assets without the need to open dedicated crypto bank accounts or wallets on exchanges.

The deal is likely to close in the fourth quarter of this year.

The integration of Rail’s infrastructure could attract institutional flows, enhancing on-chain volumes. If adoption momentum sustains post-Q4 deal closure, analysts see XRP testing $4.0–$4.20 in the medium term.

Peter Thiel-backed ‘Bullish’ Upsizes IPO To Raise $990M At $4.8B Valuation

The Peter Thiel-backed digital-asset exchange ‘Bullish’ has raised its IPO target to $990 million. It is aiming for a $4.8 billion NYSE debut amid surging crypto investor demand.

The company now plans to sell 30 million shares priced between $32 and $33 each, according to a filing with the U.S. Securities and Exchange Commission.

The revised offering size is nearly 57% higher than the initial $629 million target announced earlier this month. The Cayman Islands-based firm is scheduled to debut on the New York Stock Exchange under the ticker symbol BLSH.

The Bullish IPO comes as cryptocurrency-related companies ride a wave of strong investor demand. The Trump administration’s supportive stance toward the industry has encouraged more firms to go public through IPOs, mergers, or reverse takeovers.

Bakkt Expands Global Bitcoin Play With 30% Stake In Japan’s Marusho Hotta

Bakkt (BKKT), the technology firm that went all-in on crypto, has signed a deal to acquire nearly one-third of Japanese trading company Marusho Hotta (8105), in a move that could signal a broader international bitcoin strategy for the U.S.-based digital asset platform, the company said in a press release Wednesday.

Under the agreement with RIZAP Group Inc., Bakkt will acquire roughly 30% of the

Tokyo-listed company, positioning itself as Marusho Hotta’s largest shareholder.

Pending shareholder approval, Marusho Hotta will be renamed bitcoin.jp, aligning its brand with its new bitcoin-centric direction, the company said. Bakkt has also secured the domain bitcoin.jp as part of the deal.

Bitcoin Asset Manager Parataxis To Go Public In $400M SPAC Deal Backed By SilverBox

Digital asset manager Parataxis Holdings is officially going public through a SPAC deal with SilverBox Corp IV, confirming earlier plans to list.

The new entity will be called Parataxis Holdings Inc. and aims to trade under the ticker “PRTX” on the New York Stock Exchange (NYSE).

At a $10 share price, the deal values the combined company at $400 million, with the potential to double that figure if Parataxis exercises the right to raise an additional $400 million through a share purchase agreement. About $31 million has already been raised and earmarked for purchasing bitcoin, giving future shareholders immediate exposure to the asset.

Unlike firms that simply hold BTC, Parataxis seeks to generate income through low-volatility trading and treasury-style operations.

If successful, Parataxis could become one of the few publicly listed companies offering direct and active exposure to bitcoin outside of an ETF structure.

Tether Leads $35M Investment Round In Spanish Crypto Exchange Bit2Me

Tether has invested $35 million in Spanish crypto exchange Bit2Me, acquiring a minority stake in it and joining major investors including Telefónica, BBVA, and Unicaja with stakes in the firm.

The investment will help Bit2Me expand its presence in Latin America, particularly in Argentina, where it has a Virtual Asset Service Provider license.

The deal follows Bit2Me’s authorization under the EU’s MiCA license approval, allowing it to operate across the European Union.

Other terms of the deal, including the exact size of Tether’s stake and Bit2Me’s new valuation, have not been disclosed yet.

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